Sound Counsel to Protect Your Best Interests

When offered a severance package, it is important for an employee to understand the employer’s motivations, the potential repercussions, and the benefits before signing the agreement. Often, these are offered to high-ranking employees so the employer can avoid being the target of a lawsuit over some wrongdoing. At Salas Law PLLC, our first step is to review the situation to determine if there may be some other claim that the employee does not want to waive the right to by signing the severance agreement. If there is, and the potential benefits of that claim exceed those offered in the agreement, our severance agreement attorneys in San Antonio can assist in filing the lawsuit and taking action against the employer. Set Up a Consultation

What Issues Are Covered in Severance Agreements?

Some of the issues that are included in a severance agreement can be standard, while others can be complex depending on the nature of the role.Examples of issues that should be addressed in a severance agreement can include:

• What type of compensation is provided? When/how is it paid out?
• Will health insurance benefits continue, and for how long?
• How will retirement, pension, and stock plans be handled?
• Will a non-compete agreement be involved?
• Will there be outplacement assistance provided?
• Is there a non-disparagement clause?
• What level of confidentiality is required?
• What is the timeline to sign the agreement?

There can be many considerations within a severance agreement. An attorney can help you review each item in detail and advise you on how to move forward.

Review & Negotiation Of Severance Agreements

Our San Antonio severance agreement lawyers will conduct a severance review, analyzing the agreement. We understand the language used in these agreements and can identify anything that is unclear or could open the door to potential repercussions. Handling these agreements with frequency means we understand the benefits that you should be offered based on your industry, the company, and your position within the company.If we determine that the agreement as written does not meet your needs, we will conduct a severance negotiation to help you get all you are entitled to. Ultimately, our goal is to make certain that you are adequately protected and compensated as you transition out of your position and begin to look for a position elsewhere.

Are All Texas Employees Entitled to Severance Pay?

Texas workers are not legally entitled to provide severance pay unless it is promised in a written agreement. Every employer has their own policy of paying severance, and these policies must be fair and compliant with the law.